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Bill Pulte, director of the Federal Housing Finance Agency, speaks to reporters outside the West Wing of the White House on Jan. 9. Photo: Brendan Smialowski / AFP via Getty Images

President Trump tapped Bill Pulte, his unusually prominent Federal Housing Finance Agency director, as the new acting director of national intelligence.

The big picture: Pulte will split time between overseeing Fannie Mae and Freddie Mac and holding a massively important position for the country's national security — an extraordinary dynamic even against the backdrop of other officials wearing multiple hats.